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See how verdicts work2-bedroom flat · RH1 3JU
For saleReduced £5k (−2.3%) on 1 OctListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Best value two bedroom apartment in the area *** This top floor, two bedroom apartment comes with the benefit of a private balcony and no onward chain.
Located just around the corner from local shops, popular schools and Merstham train station, this two bedroom property would make the perfect first home.
The building has a secure, telephone entry system and internal stairs to all floors. On the top floor you have your front door, beyond which is an entrance hall with a built in storage cupboard.
There is a lounge/dining room with a door to a private balcony, a separate, modern kitchen, a good size bathroom and two double bedrooms.
In addition there is gas central heating and double glazed windows. At the rear there is a shared courtyard and garden area, as well as the communal bin store.
There are a selection of shops just a short walk from the property, including Co-op and Londis stores, a community library and cafe, and some food outlets.
Merstham train station can be found less than half a mile away, and offers direct services to central London and Gatwick.
Room Dimensions: Entrance Hall (4.01m x 1.88m (13'2 x 6'2)) Lounge/Dining Room (4.09m x 3.63m (13'5 x 11'11)) Kitchen (2.97m x 2.72m (9'9 x 8'11)) Bedroom One (3.94m x 2.67m (12'11 x 8'9)) Bedroom Two (3.30m x 2.57m (10'10 x 8'5)) Balcony (3.20m x 1.65m (10'6 x 5'5)) Bathroom (2.31m x 1.96m (7'7 x 6'5)) Gas Central Heating Double Glazed Windows Shared Courtyard & Garden Area Years Remaining On Lease: 100 Years Ground Rent: £10 Per Annum Service Charges: £1,035.26 Per Annum
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About 12, Ketton Green, Merstham
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